3 ms·
Considering how generous the severance is (a good thing), I wonder if it will even save them much money this year (granted, there will probably be some resignat
by overgard 4y ago
Considering how generous the severance is (a good thing), I wonder if it will even save them much money this year (granted, there will probably be some resignations from people that disagree with the direction).
- mason55 4y ago> I wonder if it will even save them much money this year They also get to account for it differently. The severance payments can be written off as a one-time charge, so from that perspective they get to take the GAAP benefits this year. Even though the cash flow is ~the same between letting people work for a year and then laying them off with no severance, doing it this way makes the business immediately look better.
- phamilton4 4y agoEdit: I'm wrong looks like they can write it off.